Page 7 - Fmcg Companies

Earnings upgrade, valuation uptick for consumer companies' stocks

Increasing trends of premiumisation and volume growth may also expand operating margins by 50-75 basis points, despite higher marketing expenses and competition

Heatwave grip on May consumption, base-year effect cool GST growth

Analysts suggest that while this does not signify a slowdown, it indicates a moderation in consumption, likely influenced by severe heatwave conditions prevailing in the country during May

All permanent workers of Britannia's Kolkata unit take voluntary retirement

FMCG major Britannia Industries Ltd said all permanent workers at its Taratala factory in Kolkata have accepted the voluntary retirement scheme (VRS). Despite this significant workforce change, a company official claimed that there would be no material impact on the business operations of Britannia Industries. However, according to senior CITU leader Gautam Ray, production has been stopped at the plant. "There has been no production at the Taratala plant for over 20 days. All 122 permanent employees have accepted VRS, and negotiations are ongoing for 250 contractual workers," said senior CITU leader Gautam Ray. Britannia did not respond to PTI's queries on stopping the production. The Taratala plant, one of Britannia's oldest biscuit manufacturing units, has been operational for over seven decades. According to sources, the Britannia management offered Rs 13 lakh to employees with up to 5 years and 11 months of remaining job tenure, Rs 18.5 lakh for employees with 6 to 10 years o

Over 50% households buying bottled soft drinks: Kantar FMCG report

The average Indian household's consumption of bottled soft drinks has increased in the last two years, breaching annual penetration of 50 per cent in FY24, a report said. According to the latest Kantar FMCG pulse report, this trend is expected to rise further with intensifying summer. It said the average household has expanded its consumption of bottled soft drinks by 250 ml in the last two years. Moreover, fabric softeners, still considered to be a premium laundry item, have now reached one in every four households in the country, the report said. Besides, washing liquids, another premium laundry product introduced by leading FMCG majors, breached the 100,000-tonne mark in FY24. All these trends are "record breakers", the report noted. The bottled soft drink category had a "massive 41 per cent household growth in MAT (moving annual total) March 2023" and continued to add more households and expanded 19 per cent in MAT March 2024. "With the intensifying summer, the category is li

FMCG companies increase prices to maintain margins due to high input costs

Fast-moving consumer goods companies have increased prices by 2% to 9% on soaps and body washes, 8% to 11% on hair oils, and 3% to 17% on select food items

Nestle, VBL, Godrej Cons: Nuvama picks these FMCG stocks on robust outlook

The rural markets have outpaced urban demand, registering a 7.6 per cent increase compared to a 5.7 percent rise in urban areas, in the March quarter of FY24

Marico rallies 20% in one month; check key factors behind the sharp up move

With improved macroeconomic indicators, enhanced government spending, a favorable monsoon forecast and moderate retail inflation, the upcoming year holds promise for a gradual uptick in consumption.

ITC Q4 results: Net profit down 1.06% to Rs 5,121 cr, revenue increases

The heavy-lifting cigarettes segment clocked a 7.5 per cent Y-o-Y growth in revenue at Rs 8,688.92 crore in Q4 FY24

From HUL to Britannia, FMCG companies continue to lag India Inc peers

A reversal in the fortunes of FMCG companies is, however, yet to reflect in their financial performance

FMCG companies move fast on volume growth while rural beats urban

FMCG companies are also looking at increasing advertising spends in order to grow their brands

FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ

The Indian FMCG industry experienced a 6.5 per cent growth in volume terms at a national level in the January-March period of 2024, with rural consumption surpassing urban for the first time in five quarters, according to consumer intelligence firm NielsenIQ. Both food and non-food sectors contributed to the growth in consumption in the first quarter of 2024, but non-food saw almost double the growth as compared to food, NielsenIQ (NIQ) said in its quarterly snapshot for Q1 2024. The FMCG industry has experienced a 6.6 per cent growth in value, attributed to a 6.5 per cent increase in volume at an all-India level. The volume growth for this quarter was higher than Q1 2023, which stood at 3.1 per cent, it added. NIQ Head of Customer Success India, Roosevelt Dsouza said, "The FMCG industry's growth continues to be driven by consumption trends in Q12024 with rural areas surpassing urban growth for the first time in five quarters." Notably, Dsouza said home and personal care (HPC) ...

New plastic management rules will impact FMCG companies: Analysts

India is the third-largest plastic producer globally. While these new norms will put India ahead in the global league, they will also impact packaging costs for consumer companies

In 3 years, we want to reach 1 million direct outlets: Adani Wilmar MD

After announcing its March-quarter results, Angshu Mallick, managing director and chief executive officer, and Shrikant Kanhere, chief financial officer, spoke in an exclusive interview

Nestle India to focus on driving volume growth going forward: CMD Narayanan

FMCG Major Nestle India will focus on volume growth going forward, in a market which is "still impacted by inflation", to be in the top quartile performance, company Chairman and Managing Director Suresh Narayanan said on Monday. The company, which will open the first boutique of its Nespresso premium range offering coffee and machines later this year in Delhi, is aiming for premium products, including those of health science, to account for 20 per cent of its sales in the long term. Nestle India is also looking to increase its total touchpoints to 60 lakh across the country in the next 4-5 years, up from 51 lakh at present, Narayanan said while speaking to reporters here. "The future of consumer goods companies will rest on their capability to penetrate more households, with more products for more occasions and usage," he said, while stressing on the need to shore up volume. Nestle India's objective is clearly to accelerate volume growth, he said adding the company had "a volume .

Hindustan Unilever eyes growth in beauty segment amid market expansion

HUL will focus on face cleansing, sun care, light moisture, serums, body care, and masstige skincare

Tata Consumer Products: Focusing on performance of growth businesses key

After the acquisition of Capital Foods and Organic India, Tata Consumer needs to derive synergies, expand distribution, and increase throughput per store

FSSAI to probe composition of Nestle's Cerelac baby cereals sold in India

The Consumer Affairs Ministry on Friday said it has asked the food safety regulator FSSAI to investigate the composition of Nestle's Cerelac baby cereals sold in India, amid a global report that claimed the company was adding higher sugar content in the product. According to findings by Swiss NGO, Public Eye and International Baby Food Action Network (IBFAN), Nestle sold baby products with higher sugar content in less developed South Asian countries including India, Africa and Latin American nations as compared to markets in Europe. "We have written to the FSSAI to take cognizance of the report on Nestle's baby product," Consumer Affairs Secretary and Central Consumer Protection Authority (CCPA) chief Nidhi Khare told PTI. In the letter written to FSSAI, Khare said it has come to the notice of the Department of Consumer Affairs through various news articles regarding the practices of Nestle company in India, particularly concerning the composition of the Nestle Cerelac cereals. As

We are optimistic about India story, says ITC's Director Hemant Malik

Irrespective of whether we experience tailwinds or headwinds, the market opportunities for our various food categories in India are very large, says Hemant Malik, executive director of ITC

Colgate's outperformance depends on volume recovery, premiumisation

The stock has risen by around 36 per cent in the last six months

FMCG companies to face Q4 volume pressure amid sluggish rural demand

Analysts say rural demand stagnates while urban areas drive low to mid-single-digit volume growth, posing challenges for the sector